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Rural Development offering home loans

USDA Rural Development offers home loans to low and very-low income individuals and families living in rural Minnesota.

Applicants must be unable to qualify for traditional financing and meet USDA income and credit requirements.

Homes must be modest in size and design and be located in a rural community of 20,000 people or fewer that is not urban in nature. No down payment or mortgage insurance is required.           

Rural Development also offers home repair loans for very-low income homeowners.

Loans up to $20,000 are available at an interest rate of one percent and repayable over 20 years. Grants up to $7,500 are available to homeowners over the age of 62 and must be used to remove health or safety hazards. 

Since 2009, Rural Development has helped about 1,600 low- and very-low individuals and families in rural Minnesota achieve home ownership or make necessary repairs to their homes.

To see if you qualify or for more information, please contact the Detroit Lakes Rural Development office at 218-847-9392 extension 4. You can also visit

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